Radio One (NASDAQ:UONE) Stock Breaks Below 200 Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $5.34 and traded as low as $4.00. Radio One shares last traded at $4.1250, with a volume of 5,072 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Radio One has a consensus rating of “Sell”.

Radio One Price Performance

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 20.77. The firm has a market capitalization of $18.70 million, a price-to-earnings ratio of -0.27 and a beta of 0.87. The company’s 50 day moving average is $4.56 and its 200-day moving average is $5.32.

Radio One (NASDAQ:UONE) last posted its earnings results on Tuesday, August 4th. The company reported ($1.58) earnings per share for the quarter. The firm had revenue of $85.76 million for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Radio One stock. Concurrent Investment Advisors LLC acquired a new stake in shares of Radio One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,557 shares of the company’s stock, valued at approximately $84,000. Concurrent Investment Advisors LLC owned approximately 0.34% of Radio One at the end of the most recent quarter. Institutional investors and hedge funds own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, is a multimedia company serving Black audiences in the United States. Founded in 1980 by Cathy Hughes, the company initially focused on radio broadcasting and has expanded into television, digital media and other content platforms. Its Class A common stock trades on the Nasdaq under the symbol UONE.

The company operates a portfolio of radio stations in major U.S. markets, with programming that includes music, news, talk and entertainment. Urban One also owns TV One, a cable network featuring original programming, movies, documentaries and other content focused on African American audiences.